Turnkey Furnished Income-Producing Student Rental
Renovated Cash-Flow Opportunity Positioned for Strong Room-by-Room Rental Demand
Marketing description
121 Pool Road presents an opportunity to acquire a renovated, income-producing single-family residential investment property configured for strong shared-living rental performance in one of Connecticut’s most strategically positioned commuter and university corridors.
The property is currently operated as a 4-bedroom room-by-room rental generating stable monthly income while offering future upside through rental optimization, expansion potential,.
The layout is particularly attractive for shared-living arrangements due to:
- Bedrooms distributed across multiple floors
- Bathroom access on every level
- Finished lower level with conforming bedroom and secondary living space
- Large off-street parking capacity
- Strong commuter accessibility
The property also benefits from extensive recent capital improvements, reducing near-term deferred maintenance concerns for future ownership. The home is also being offered fully furnished, creating a potential turnkey opportunity for investors seeking immediate rental operations or furnished housing strategies.
Investment highlights
Current rents are believed to be below stabilized market potential for comparable room-by-room rental properties in the Greater New Haven market. Based on continued demand from university-affiliated renters, healthcare professionals, and commuters, future ownership may have the opportunity to gradually increase rental income over time.
A projected stabilized rental scenario at an average of $900-$1,000 per bedroom could potentially increase gross monthly income to approximately $3,600-$4,000 per month, subject to market conditions, tenant turnover, and operational strategy.
Gross Rental Income
Utilities are currently paid separately by renters and are not included in tenant rent. The property is also being offered fully furnished, which may support premium rental positioning and reduced setup costs for future ownership.
Operating Expenses
Total Estimated Operating Expenses
$17,422/year
Net Operating Income (NOI)
Estimated NOI: $19,778/year
Cap Rate Analysis
Estimated Cap Rate: $4.4%
Example Stabilized Income & ROI Scenario
The following example illustrates potential investment performance if future ownership increases rents to a stabilized average of approximately $1,050 per bedroom at least in a fully furnished rental scenario.
This example is intended solely as an illustration of potential operational upside and does not guarantee future rental performance. Actual rents and returns will depend on market conditions, tenant demand, property management strategy, and buyer due diligence.
Stabilized Income Cap Rate Analysis
Estimated Potential Cap Rate: 7.1%
Major Investment Strengths
Shared-Living Friendly Layout
The home is naturally configured for flexible occupancy and room-by-room rental operations with:
- Fully Furnished Bedrooms on separate floors
- Bathrooms accessible on each level
- Furnished Secondary lower-level living area
- Strong privacy separation between rooms
- Multiple common gathering areas
- Spacious Backyard
- Home being sold fully furnished for potential turnkey investment operation
Extensive Renovations
Recent capital improvements significantly reduce near-term deferred maintenance concerns, including:
- Newly remodeled basement with all new floors, walls, and ceilings
- Completely remodeled garden level 3/4 Bathroom
- Completely Remodeled Conforming Garden Level Bedroom with New Flooring, Walls, Ceilings, and Fixtures
- New Stainless Steel Kitchen Appliances Including Gas Range (2022)
- New HVAC System (2022)
- New Hot Water Heater (2022)
- New Central Air-Conditioning System (2022)
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